I smell a class action suit here

How can Pfizer spin off Zoetis without giving shares to Pfizer shareholders. Why are they asking shareholders to exchange shares. As a shareholder, I want shares of Zoetis which I own through my ownership of Pfizer stock when they spin this company off.

PFE P/E is 12, ZTS P/E is 28. If we were to get 2 shares of ZTS per each share of PFE the risk would be acceptable. Technically, this is a well thought scam by PFE management to reduce the number of outstanding shares. Don't fall for it.

You make a lot of sense, spinal tap, i always thought that once you own the stock you were a part owner of the company, but another equity i held Sara Lee , many years ago did the same with Coach, you turned in Sara Lee shares for Coach shares,,,, so i would think its legal...

I am a little confused with your question, but I do know that it is a 'choice' for PFE shareholders to elect to trade their PFE shares, tax-free, for ZTE at a 7% priemum.

I dont know where a class action suit would fall into that. PFE is doing this to relieve itself of ZTE expenses on thier own financials AND at the same time buy back shares to increase their book value.

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